Yours Truly

Not as common as demutual investors think. The demutuals have been on an absolute tear recently. Is there a way to screen for demutualizations? I think plenty of investors (like Klarman and Einhorn) made a bundle on demutualizations in the 1990s. The way they explained it, it seems like free money. Read "Beat the Street" by Peter Lynch... he purchases something like 140 out of a total 145 S&L's that went public in the 90's and goes through his analysis on quite a few of them

Do you camp out at Kiewit Plaza to get this close to these people?

Cash out refi on your paid off home? I argued with someone on motley fool once in 2005 or so. he thought it was a good idea to borrow from his home equity and invest it in the stock market. i argued that they could both go down at the same time. if anybody could do this and make it work it's Buffett. But he doesn't have a mortgage. It's just not worth it. He doesn't borrow in his personal account. A few Canadian utilize this strategy called the "Smith manuever" wherein you take a Home Equity Line of Credit (HELOC) and invest in higher-yielding stocks and the loan is considered tax deductible... in Canada, we do not have the benefit of deducting interest on our principal mortgage like the Americans do and our mortgage rate are usually fixed for a certain period after it resets for the better or worse

Where will Apple be in five years?

Saw this under BAC's headlines: Financial stocks bounce back after false report NEW YORK (MarketWatch) -- Financial stocks bounced back after dipping briefly on a false report that the White House was attacked on Tuesday afternoon. The twitter account of the Associated Press was hacked and an incorrect tweet was sent, which the AP says was "bogus". The Financial Select Sector SPDR Fund XLF +1.77% , which tracks financial stocks in the S&P 500 was up 1.6% after dipping 0.6%. Morgan Stanley MS +4.15% was up 3.8% following a fall of 2.6%. Bank of America Corp. /BAC +3.16% was up 3.24% after a drop of 2.04% on the scare. Citigroup Inc. C +2.88% was up 2.8% after dipping 1.7%.

I have a similar setup using appletv2 and a NAS... But I still have cable because I need my sports! Canada on demand add on is pretty meh

Out of curiousity, instead of the current dividends, why didn't he forego those payments in favour of share buybacks?

“We think that there are opportunities, but the background is a tough world with all sorts of unintended consequences.” So he's presently more macro than "value" oriented now? It sounds like he has found a few potential opportunities but it's the macro picture and his theory on deflation that is stopping him from continuing

I'm aware of the area being that I work at University/College :) That's a pretty expensive building as well but the area is quite nice

So are these new retail stores only accessible to residents of the building? and where the basement lead anywhere else? It's quite strange if you ask me.

Nasdaq: FAST, ATRO, CELG, BIIB, DIOD, ORCL, QCOM, EMC, IIVI, MIDD, KSU, etc etc

I've looked at the data on this from its early years (1990's) and it's exactly what i'm looking for currently in GARP-y stocks... - High insider ownership (founder owns 71% shares o/s) - ROE consistently over 15% with little to no negative years - Share count remains stable (basically flat lined between 44-45 mil shares) - Small capitalization (lots of room for growth into a mid/large cap) The only outlier is that they have moderate-considerate debt levels which is most likely due to the industry its in. Most owner-operator/founder companies usually have very low levels of debt as growth is funded by free cash flow in most cases.

What fundamental reason triggered you to sell? Could you have foreseen such exponential growth in the company?

Prices should move up with inflation, thats been the historical trend since forever

I'm using my buddies access to CapitalIQ to do a bunch of screens based on ROE, insider ownership and growth earnings as well as share buybacks Ill probably jump to value line once his access disappears as a result of getting it for his MBA

If we will not be buying the market indexes, why should the Shiller PE matter?

Going by his presentation and his current portfolio holdings: 1st 75% of cash - minimum 2x in 2-3 years BAC C GM CHK Next 10% - minimum 3x in 2-3 years GS Next 5% - minimum 4x,5x,5+ in 2-3 years ZINC I'm sure there's more to his portfolio but it's just an up in the air estimate on his thought process

Both videos are not working for me on the iphone and ipad... is anyone else having this issue?

Tepper relies a lot on credit/bonds, and his stocks are a fraction of his overall portfolio, similar to how Klarman runs his.. so I wouldn't put too much weight into it On the notion of stealing, its best to steal from managers that exhibit high concentration and low turnover such as Sequoia Fund, ESL, BB, Lou Simpson, Chuck Akre, Wedgewood Partners, Weitz value and of course Pabrai/Weschler

It seems the smaller buys tend to be Ted or Todd's. I believe Todd tends to flip positions more quickly than Ted. Ted takes concentrated positions (DVA, DTV, LMCA)... and I believe Todd specializes moreso on financial companies

I am not sure how to do that, but why wouldn't you just use the tabs at the bottom? Because I have many tabs consisting of each companies financial data... My main page serves as a summary... So we're talking about 150 tabs which is painful to scroll through

Does anyone know how I can create a link from one tab to another? I.E. I want a hyperlink placed on Tab A.. and when clicked, it'll show Tab B afterwards

Does anyone know where I can pick up Poor Charlie's Almanack locally in Canada? i'd rather forego the shipping cost and time involved.

Sorry should have been posted in the Books section

Has anyone checked out the later two books that are mentioned in WEB's annual letter? "The Outsiders, by William Thorndike, Jr., is an outstanding book about CEOs who excelled at capital allocation. It has an insightful chapter on our director, Tom Murphy, overall the best business manager I’ve ever met. I also recommend The Clash of the Cultures by Jack Bogle and Laura Rittenhouse’s Investing Between the Lines. Should you need to ship your book purchases, a shipping service will be available nearby." The book by Laura Rittenhouse looks interesting and maybe of assistance in learning about management of companies.